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2017-11-29 09:40:00

SOUTH CHINA SEA OIL

SOUTH CHINA SEA OIL

OGJPhase II production from Weizhou 12-2 oil field has been brought on stream, CNOOC Ltd. said of its project in Beibu Gulf in the South China Sea.

The oil field lies in 35.7 m of water. In addition to existing Weizhou 12-2 oil field equipment, one platform was built under Phase II.

Seven wells currently produce 6,400 b/d. The project is expected to reach peak production of 11,800 b/d in 2018.

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Tags: SOUTH, CHINA, SEA, OIL
Chronicle:
SOUTH CHINA SEA OIL
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2019, August, 19, 11:50:00
OIL PRICE: NEAR $59 YET
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2019, August, 19, 11:45:00
WORLD OIL DEMAND WILL UP BY 1.14 MBD
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2019, August, 19, 11:40:00
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2019, August, 19, 11:30:00
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U.S. SECURITIES ACQUISITIONS $1.7 BLN
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